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Stocks remain steady after plunge

Stocks remain steady after plunge

Vietnam’s benchmark VN-Index dropped 0.04% to 1,077.15 points Friday as the market continues to go sideways after Wednesday plunge. The index closed 0.44 points lower after gaining 1.62 points on Thursday. It dropped 34.21 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 2.36% to …

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Former billionaire returns to chair Novaland

Former billionaire returns to chair Novaland

Former billionaire Bui Thanh Nhon has returned to chair the board of property developer Novaland amid a major restructuring as its stock trades at historic lows. Nhon, who is also chairman of NovaGroup – the biggest shareholder in Novaland – took over the position after turning it over to Bui …

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Auto distributors report record profits in 2022

Auto distributors report record profits in 2022

Auto distributors posted record profits last year as demand recovered after a two-year slump due to Covid-19. Savico, which distributes Toyota, Honda, Ford and other cars, reported record profits of VND688 billion ($29.34 million), which represents a 2.7-fold rise from 2021 and is larger than the combined figures of the …

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